Sainsbury's to accelerate expansion of convenience store business
Sainsburys has announced plans to accelerate the expansion of its convenience store business in London and the South East. The move will create over 1,000 jobs.
The supermarket will open 50 new stores by early 2014, building on its current portfolio of 150 convenience stores in the region. All of the new stores will be supported by Sainsbury’s new state-of-the-art distribution centre at Thameside which will create 350 local jobs when fully operational.
Sainsbury’s said its convenience business is seeing growth of over 18% year-on-year with over five million customers a week visiting its ‘Local’ stores.
Simon Twigger, Sainsbury’s convenience director, explained: “Our convenience business is going from strength to strength as customers continue to enjoy the benefits of regular top up shopping and the ability to walk to a local store.
"The new ‘Locals’ will be located on high streets and in the heart of communities, providing access to healthy, quality food at fair prices. They will also give a real boost for other retailers as they bring increased footfall and trade.
"Over 1,000 new jobs will also be created, with the overwhelming majority coming from the local communities close to the stores they serve."
Sainsbury’s has committed to opening one to two convenience stores a week in the 2012/2013 financial year. To date, the retailer has opened 87 stores during the year and now operates 523 convenience stores nationwide.
Last year, Sainsbury’s announced that the expansion of its convenience stores across the UK would create 10,000 jobs over the next three years.
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